Kushner acknowledged that his investment firm, Thrive Capital, failed to appreciate the complexities of global football. He stated that had they known the plan would devolve into the current crisis, they would not have gotten involved. The plan, which was intended to see Thrive and Kushner pay $4.2 billion for a 20% stake in a FIFA subsidiary, was met with widespread opposition from global soccer officials.
The project was seen as a way to direct more capital and equity to underdeveloped nations, but it ultimately provoked a furious reaction from UEFA and other global soccer officials. This is not the first time Infantino's plans have been blocked, with European soccer officials previously rejecting his proposals for new competitions with Japan's SoftBank in 2018 and his push to play the men's World Cup every two years instead of four in 2021.
Kushner and Thrive Capital are not anticipated defendants in a potential legal case against Infantino, according to a UEFA filing in Manhattan.